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U.S. stocks are on track for another day of gains after rising Monday.
The S&P 500 was recently 0.6% higher, according to FactSet.
The Dow Jones Industrial Average gained around 150 points or 0.5%.
Tweet on trending stocks
Marketwatch
First Republic Bank (FRC): Shares rose 20% in premarket tradingJPMorgan Chase (JPM): Shares in JPMorgan and other big U.S. banks rose by 1.7%
UBS Group (UBS): Shares of UBS rose 4.4% in Zurich
PacWest Bancorp (PACW): Shares added 4.7% premarket#stockstowatch pic.twitter.com/69QTi7YHVd
— The_Journalbiz (@the_journalbiz) March 21, 2023
Factset chart on trending stocks
The Nasdaq Composite added 0.7%. and the 10-year Treasury yield rose to 3.573% from 3.477%
today’s trending stocks are:
First Republic Bank (FRC): Shares rose 20% in premarket trading after shedding almost half their value Monday. JPMorgan Chase Chief Executive Jamie Dimon is leading discussions with the chief executives of other big banks about fresh efforts to stabilize troubled First Republic Bank, The Wall Street Journal reported.
JPMorgan Chase (JPM): Shares in JPMorgan and other big U.S. banks, such as Bank of America, Citigroup, Goldman Sachs and Morgan Stanley, all rose by 1.7% or more ahead of the opening bell.
UBS Group (UBS): Shares of UBS rose 4.4% in Zurich alongside a broader rise in European bank shares. UBS stock was highly volatile Monday after its weekend agreement to purchase rival Credit Suisse. Credit Suisse (CS) shares edged lower.
PacWest Bancorp (PACW): Shares added 4.7% premarket, building on a Monday rebound. PacWest’s shares have more than halved in value this year.
PDD (PDD): Google blocked downloads of the Chinese company’s e-commerce app, Pinduoduo, over security concerns. PDD’s American depositary receipts stood 2% lower premarket, after tumbling 14% Monday.
